No photos available
Offered at
$6,500,000
5445 Collins Avenue CU1, Miami Beach, FL 33140
- 0
- Beds
- 0
- Full Baths
- 25,860
- Sq.Ft.
Listing courtesy of Antonio Saladrigas, Fausto Commercial Realty Consultants Inc
Property Description
Located at 5445 Collins Avenue, the historic Playboy Theatre presents a singular opportunity to acquire 25,860 square feet of high-volume interior space in the heart of Miami Beach’s prestigious Mid-Beach corridor. Currently in a state requiring full renovation, the property serves as a premier "blank canvas" for a visionary developer or hospitality group. The existing structure features a triple-level layout with soaring ceilings and massive, open floor plates—architectural assets that are nearly impossible to replicate under current Miami Beach building codes. While the interior requires a complete overhaul, the "bones" of the venue, including the original grand stage and structural volumes, provide a robust foundation that significantly reduces the complexity of a ground-up build. With no association approval for business type; the property is uniquely suited for a flagship nightclub, live-performance theatre, or movie theatre where the expansive vertical clearance and existing stage infrastructure allow for world-class acoustics and immersive lighting design. A key operational advantage is the expansive kitchen area located parallel to the main theatre volume, which provides the necessary footprint for high-volume back-of-house operations. Positioned steps from the ocean in a high-barrier-to-entry market, this asset allows an investor to curate a marquee destination that captures the high-spending demographic of the Collins Avenue corridor.
Overview
At a glance
- Property Type
- Commercial Sale
- Property Sub-Type
- Retail
- Address
- 5445 Collins Avenue CU1, Miami Beach, FL 33140
- Zoning
- 4100
- MLS ID
- A11988742
- Listing Date
- 2026-03-24
- Last Updated
- 6/10/2026, 4:24:09 PM
- Days on Market
- 79
Features & Amenities
The Details
Details
- Building Area
- 25,860 sq.ft.
- Lot Size
- 178,196 sq.ft.
- Lot Size (Acres)
- 4.09 acres
- Year Built
- 1966
- County
- Miami-Dade
- Zoning
- 4100
Financial
- List Price
- $6,500,000
- Original List Price
- $6,500,000
Location
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Learn More →Information & Accuracy
All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.